Md. Code, Financial Institutions § 4–402

(a) The bylaws of a savings bank shall provide for annual meetings of the members to:

(1) Elect directors;

(2) Elect members, unless the charter of the savings bank provides for a different method of electing members; and

(3) Transact other business.

(b) The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:

(1) Elect directors; and

(2) Transact other business.